Georgia-Pacific has found a buyer for its building products distribution business. In March, the Atlanta-based company announced that Cerberus Capital Management, a private investment firm, will purchase the distribution unit for $810 million. Also in March, public builder Lennar announced it was expanding its presence in Texas. The Miami-based company bought the real estate assets of San Antonio builder Connell-Barron Homes, which closed 130 homes last year, with an average sales price of $244,000.
Learn more about markets featured in this article: Atlanta, GA.
